Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jul. 31, 2020 | Aug. 28, 2020 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jul. 31, 2020 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | ANAPLAN, INC. | |
Entity Central Index Key | 0001540755 | |
Current Fiscal Year End Date | --01-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Trading Symbol | PLAN | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Shell Company | false | |
Entity File Number | 001-38698 | |
Entity Tax Identification Number | 27-0897861 | |
Entity Address, Address Line One | 50 Hawthorne Street | |
Entity Address, City or Town | San Francisco | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 94105 | |
City Area Code | 415 | |
Local Phone Number | 742-8199 | |
Entity Interactive Data Current | Yes | |
Title of 12(b) Security | Common Stock, $0.0001 par value per share | |
Security Exchange Name | NYSE | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Incorporation, State or Country Code | DE | |
Entity Common Stock, Shares Outstanding | 139,771,502 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 304,894 | $ 309,894 |
Accounts receivable, net of allowances for credit losses of $2,731 and $996 as of July 31, 2020 and January 31, 2020, respectively | 88,269 | 109,217 |
Deferred commissions, current portion | 30,546 | 25,990 |
Prepaid expenses and other current assets | 16,639 | 17,814 |
Total current assets | 440,348 | 462,915 |
Property and equipment, net | 53,171 | 48,639 |
Deferred commissions, net of current portion | 68,372 | 57,947 |
Goodwill | 32,379 | 32,379 |
Operating lease right-of-use assets | 33,590 | 37,875 |
Other noncurrent assets | 13,031 | 10,052 |
TOTAL ASSETS | 640,891 | 649,807 |
Current liabilities: | ||
Accounts payable | 5,832 | 5,331 |
Accrued expenses | 80,735 | 79,024 |
Deferred revenue, current portion | 209,373 | 216,059 |
Operating lease liabilities, current portion | 6,510 | 7,278 |
Total current liabilities | 302,450 | 307,692 |
Deferred revenue, net of current portion | 5,181 | 4,149 |
Operating lease liabilities, net of current portion | 31,039 | 34,017 |
Other noncurrent liabilities | 20,077 | 12,268 |
TOTAL LIABILITIES | 358,747 | 358,126 |
Stockholders' equity: | ||
Common stock, par value of $0.0001 per share; 1,750,000 shares authorized as of July 31, 2020 and January 31, 2020; 139,306 and 135,495 shares issued and outstanding as of July 31, 2020 and January 31, 2020 | 14 | 13 |
Accumulated other comprehensive loss | (5,862) | (4,326) |
Additional paid-in capital | 856,129 | 788,447 |
Accumulated deficit | (568,137) | (492,453) |
TOTAL STOCKHOLDERS' EQUITY | 282,144 | 291,681 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 640,891 | $ 649,807 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Statement Of Financial Position [Abstract] | ||
Accounts receivable, net, allowances for credit losses | $ 2,731 | $ 996 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,750,000,000 | 1,750,000,000 |
Common stock, shares issued | 139,306,000 | 135,495,000 |
Common stock, shares outstanding | 139,306,000 | 135,495,000 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Revenue: | ||||
Total revenue | $ 106,511 | $ 84,540 | $ 210,355 | $ 160,370 |
Cost of revenue: | ||||
Total cost of revenue | 25,442 | 22,507 | 50,182 | 44,084 |
Gross profit | 81,069 | 62,033 | 160,173 | 116,286 |
Operating expenses: | ||||
Research and development | 24,595 | 16,442 | 48,357 | 31,501 |
Sales and marketing | 72,914 | 63,997 | 144,588 | 120,287 |
General and administrative | 21,235 | 22,801 | 43,663 | 42,814 |
Total operating expenses | 118,744 | 103,240 | 236,608 | 194,602 |
Loss from operations | (37,675) | (41,207) | (76,435) | (78,316) |
Interest income (expense), net | (184) | 1,339 | 327 | 2,590 |
Other income (expense), net | 4,007 | 548 | 3,676 | 302 |
Loss before income taxes | (33,852) | (39,320) | (72,432) | (75,424) |
Provision for income taxes | (1,672) | (1,322) | (2,694) | (2,409) |
Net loss | (35,524) | (40,642) | (75,126) | (77,833) |
Comprehensive loss: | ||||
Foreign currency translation adjustments | (3,287) | 2,295 | (1,536) | 2,029 |
Comprehensive loss | $ (38,811) | $ (38,347) | $ (76,662) | $ (75,804) |
Net loss per share attributable to common stockholders, basic and diluted | $ (0.26) | $ (0.31) | $ (0.55) | $ (0.62) |
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 138,335 | 129,549 | 137,359 | 126,277 |
Subscription [Member] | ||||
Revenue: | ||||
Total revenue | $ 97,117 | $ 73,598 | $ 190,941 | $ 138,683 |
Cost of revenue: | ||||
Total cost of revenue | 16,148 | 12,207 | 31,333 | 23,298 |
Professional services [Member] | ||||
Revenue: | ||||
Total revenue | 9,394 | 10,942 | 19,414 | 21,687 |
Cost of revenue: | ||||
Total cost of revenue | $ 9,294 | $ 10,300 | $ 18,849 | $ 20,786 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit [Member] | Accumulated Deficit [Member]Cumulative Effect, Period of Adoption, Adjustment [Member] |
Beginning balance at Jan. 31, 2019 | $ 307,478 | $ 12 | $ 653,738 | $ (3,036) | $ (343,236) | ||
Beginning balance, shares at Jan. 31, 2019 | 126,246,000 | ||||||
Stock-based compensation | 36,995 | 36,995 | |||||
Repayment of promissory notes, net of early exercises | 11,454 | 11,454 | |||||
Exercise of stock options, net of repurchases and early exercises | 14,826 | $ 1 | 14,825 | ||||
Exercise of stock options, net of repurchases and early exercises, shares | 3,375,000 | ||||||
Vesting and settlement of restricted stock units, shares | 1,381,000 | ||||||
Issuance of common stock under employee stock purchase plan | 9,088 | 9,088 | |||||
Issuance of common stock under employee stock purchase plan, shares | 629,000 | ||||||
Net loss | (77,833) | (77,833) | |||||
Foreign currency translation adjustments | 2,029 | 2,029 | |||||
Ending balance at Jul. 31, 2019 | 304,037 | $ 13 | 726,100 | (1,007) | (421,069) | ||
Ending balance, shares at Jul. 31, 2019 | 131,631,000 | ||||||
Beginning balance at Apr. 30, 2019 | 297,862 | $ 12 | 681,579 | (3,302) | (380,427) | ||
Beginning balance, shares at Apr. 30, 2019 | 127,537,000 | ||||||
Stock-based compensation | 20,371 | 20,371 | |||||
Repayment of promissory notes, net of early exercises | 3,297 | 3,297 | |||||
Exercise of stock options, net of repurchases and early exercises | 11,766 | $ 1 | 11,765 | ||||
Exercise of stock options, net of repurchases and early exercises, shares | 2,653,000 | ||||||
Vesting and settlement of restricted stock units, shares | 812,000 | ||||||
Issuance of common stock under employee stock purchase plan | 9,088 | 9,088 | |||||
Issuance of common stock under employee stock purchase plan, shares | 629,000 | ||||||
Net loss | (40,642) | (40,642) | |||||
Foreign currency translation adjustments | 2,295 | 2,295 | |||||
Ending balance at Jul. 31, 2019 | 304,037 | $ 13 | 726,100 | (1,007) | (421,069) | ||
Ending balance, shares at Jul. 31, 2019 | 131,631,000 | ||||||
Beginning balance at Jan. 31, 2020 | 291,681 | $ (558) | $ 13 | 788,447 | (4,326) | (492,453) | $ (558) |
Beginning balance, shares at Jan. 31, 2020 | 135,495,000 | ||||||
Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201613Member | us-gaap:AccountingStandardsUpdate201613Member | |||||
Stock-based compensation | 49,543 | 49,543 | |||||
Exercise of stock options, net of repurchases and early exercises | 8,634 | $ 1 | 8,633 | ||||
Exercise of stock options, net of repurchases and early exercises, shares | 1,701,000 | ||||||
Vesting of restricted stock units, shares | 1,875,000 | ||||||
Issuance of common stock under employee stock purchase plan | 9,481 | 9,481 | |||||
Issuance of common stock under employee stock purchase plan, shares | 235,000 | ||||||
Net loss | (75,126) | (75,126) | |||||
Foreign currency translation adjustments | (1,536) | (1,536) | |||||
Other | 25 | 25 | |||||
Ending balance at Jul. 31, 2020 | 282,144 | $ 14 | 856,129 | (5,862) | (568,137) | ||
Ending balance, shares at Jul. 31, 2020 | 139,306,000 | ||||||
Beginning balance at Apr. 30, 2020 | 280,581 | $ 13 | 815,756 | (2,575) | (532,613) | ||
Beginning balance, shares at Apr. 30, 2020 | 137,131,000 | ||||||
Stock-based compensation | 26,057 | 26,057 | |||||
Exercise of stock options, net of repurchases and early exercises | 4,836 | $ 1 | 4,835 | ||||
Exercise of stock options, net of repurchases and early exercises, shares | 1,003,000 | ||||||
Vesting of restricted stock units, shares | 937,000 | ||||||
Issuance of common stock under employee stock purchase plan | 9,481 | 9,481 | |||||
Issuance of common stock under employee stock purchase plan, shares | 235,000 | ||||||
Net loss | (35,524) | (35,524) | |||||
Foreign currency translation adjustments | (3,287) | (3,287) | |||||
Ending balance at Jul. 31, 2020 | $ 282,144 | $ 14 | $ 856,129 | $ (5,862) | $ (568,137) | ||
Ending balance, shares at Jul. 31, 2020 | 139,306,000 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (75,126) | $ (77,833) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 12,263 | 9,073 |
Amortization of deferred commissions | 16,184 | 8,761 |
Stock-based compensation | 47,472 | 36,421 |
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities | 5,544 | 4,987 |
Foreign currency remeasurement gains | (3,247) | (653) |
Other non-cash items | 950 | 357 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 17,927 | 10,637 |
Prepaid expenses and other current assets | 1,317 | (4,093) |
Other noncurrent assets | (1,493) | (266) |
Deferred commissions | (29,947) | (21,587) |
Accounts payable and accrued expenses | 2,459 | 23,364 |
Deferred revenue | (4,367) | 20,529 |
Payments for operating lease liabilities, net | (4,938) | (4,790) |
Other noncurrent liabilities | 6,546 | (1,712) |
Net cash provided by (used in) operating activities | (8,456) | 3,195 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property and equipment | (4,996) | (1,603) |
Capitalized internal-use software | (5,380) | (5,051) |
Net cash used in investing activities | (10,376) | (6,654) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from exercise of stock options | 8,624 | 14,739 |
Proceeds from repayment of promissory notes | 12,148 | |
Proceeds from employee stock purchase plan | 9,481 | 9,088 |
Principal payments on finance lease obligations | (3,671) | (2,382) |
Net cash provided by financing activities | 14,434 | 33,593 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 1,548 | (1,042) |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (2,850) | 29,092 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH - Beginning of period | 309,894 | 326,863 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH - End of period | 307,044 | 355,955 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
Cash paid for interest | 366 | 443 |
Cash paid for income taxes | 1,040 | 652 |
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
Increase (decrease) in purchases of property and equipment included in liabilities | (1,024) | 1,126 |
Finance leases for property and equipment | $ 4,904 | $ 2,568 |
Summary of Business and Signifi
Summary of Business and Significant Accounting Policies | 6 Months Ended |
Jul. 31, 2020 | |
Accounting Policies [Abstract] | |
Summary of Business and Significant Accounting Policies | (1) Summary of Business and Significant Accounting Policies Description of Business Anaplan, Inc. (the Company, Anaplan, we, us, or our) was incorporated in Delaware on July 9, 2009 and is headquartered in San Francisco, California, with offices in multiple U.S. and international locations. The Company provides a cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. The Company delivers its application over the Internet as a subscription service using a software-as-a-service (SaaS) model. The Company also offers professional services related to implementing and supporting its application. Fiscal Year The Company’s fiscal year ends on January 31. References to fiscal 2021, for example, refer to the fiscal year ending January 31, 2021. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting and include the accounts of the Company and its wholly owned subsidiaries (collectively, the Company). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2020, included herein was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by U.S. GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of comprehensive loss, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period’s presentation. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Form 10-K filed with the SEC on March 30, 2020. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, the determination of revenue recognition, certain assumptions in the valuation of stock awards, the determination of the period of benefit for deferred commissions, the determination of the incremental borrowing rate used for operating lease liabilities, In March 2020, the World Health Organization declared the outbreak of the novel strain of coronavirus (“COVID-19”) as a global pandemic with widespread and detrimental effect on the global economy. The extent of the impact of COVID-19 on the Company's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, impact on the Company's customers, prospective customers, sales cycles, and employees, all of which are uncertain and cannot be predicted. During the three and six months ended July 31, 2020, we assessed the impact of COVID-19, including our estimate of credit losses for accounts receivable. As of the date of filing of these unaudited condensed consolidated financial statements, the Company is not aware of any specific event or circumstance that would require updating significant estimates or judgments or revising the carrying value of the Company's assets or liabilities as presented in the unaudited interim condensed consolidated financial statements. These estimates may change as new events occur and additional information is obtained. Actual results could differ from those estimates and any such differences may be material to our financial statements. Summary of Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 1 of the notes to the consolidated financial statements included in Accounts Receivable, net The Company adopted Accounting Standards Codification Topic 326 (ASC 326), Financial Instruments – Credit Losses, effective February 1, 2020 using a modified retrospective approach. Under ASC 326, accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the Company’s customers’ financial condition, the amount of any receivables in dispute, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. Accounts receivable deemed uncollectable are charged against the allowance for credit losses when identified. As of July 31, 2020, the allowance for credit losses reflects increased collectability concerns stemming from the COVID-19 pandemic. The allowance for credit losses was $2.7 million and $1.0 million as of July 31, 2020, and January 31, 2020, respectively. Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13 “ Financial Instruments – Credit Losses (Topic 326): Measurement of credit Losses on Financial Instruments |
Consolidated Balance Sheet Comp
Consolidated Balance Sheet Components | 6 Months Ended |
Jul. 31, 2020 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Consolidated Balance Sheet Components | (2) Consolidated Balance Sheet Components Cash, Cash Equivalents and Restricted Cash The following table provides a summary of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that reconciles to the corresponding amount in the condensed consolidated statements of cash flows: As of July 31, 2020 January 31, 2020 July 31, 2019 January 31, 2019 (In thousands) Cash and cash equivalents $ 304,894 $ 309,894 $ 355,955 $ 326,863 Restricted cash included in other noncurrent assets 2,150 — — — Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $ 307,044 $ 309,894 $ 355,955 $ 326,863 As of July 31, 2020, the Company’s other noncurrent assets included $2.2 million in restricted cash as a collateral for certain of our operating leases. Property and Equipment, net Property and equipment consisted of the following: As of July 31, 2020 January 31, 2020 (In thousands) Computer and office equipment $ 54,221 $ 46,986 Leasehold improvements 14,318 12,728 Internal-use software 34,986 29,445 Construction in progress 5,607 3,943 Property and equipment, gross 109,132 93,102 Less: accumulated depreciation (55,961 ) (44,463 ) Property and equipment, net $ 53,171 $ 48,639 Depreciation expense was $5.9 million and $11.6 million for the three and six months ended July 31, 2020, respectively, and $4.7 million and $9.0 million for the three and six months ended July 31, 2019, respectively. The Company capitalized $3.4 million and $7.2 million in internal-use software in the three and six months ended July 31, 2020, respectively, of which $0.8 million and $1.8 million was stock-based compensation expense for each respective period. The Company capitalized $3.3 million and $5.8 million in internal-use software in the three and six months ended July 31, 2019, respectively, of which $0.4 million and $0.7 million was stock-based compensation expense for each respective period. Amortization of the capitalized internal-use software, included in total depreciation expense above , Accrued Expenses Accrued expenses consisted of the following: As of July 31, 2020 January 31, 2020 (In thousands) Vendor accruals $ 7,758 $ 11,098 Accrued commission 12,517 10,033 Accrued bonuses 10,860 14,279 Accrued other payroll liabilities 21,210 21,077 Current portion of finance lease obligations 8,377 6,956 Accrued other 20,013 15,581 Accrued expenses $ 80,735 $ 79,024 Preferred Stock As of July 31, 2020 and January 31, 2020, the authorized preferred stock of the Company consisted of 25 million shares with a par value of $0.0001 per share. There were no shares of preferred stock issued and outstanding as of July 31, 2020, and January 31, 2020. |
Bank Borrowing
Bank Borrowing | 6 Months Ended |
Jul. 31, 2020 | |
Debt Disclosure [Abstract] | |
Bank Borrowing | (3) Bank Borrowing In April 2020, the Company entered into the Third Amendment to Credit Agreement and First Amendment $60.0 million Also, pursuant to the Third Amendment, any loans drawn on the credit facility will incur interest at a rate equal to the highest of (A) the prime rate, (B) the federal funds rate plus 0.5%, and (C) the one-month LIBOR plus 1%. Interest is payable monthly in arrears with the principal and any accrued and unpaid interest due on April 23, 2022. As of July 31, 2020, and January 31, 2020, the Company had not drawn down any amounts under this agreement. As of July 31, 2020, the Company was in compliance with the financial covenants contained in the agreement. |
Leases
Leases | 6 Months Ended |
Jul. 31, 2020 | |
Leases [Abstract] | |
Leases | (4) Leases The Company leases certain facilities under operating leases that expire from fiscal 2021 to 2028. The Company also enters into finance leases to finance equipment. The components of lease expense were as follows: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands) Operating lease costs $ 2,692 $ 2,545 $ 5,544 $ 4,987 Finance lease costs Amortization of assets $ 2,008 $ 1,414 $ 3,793 $ 2,534 Interest on lease liabilities 182 244 366 443 Total finance lease costs $ 2,190 $ 1,658 $ 4,159 $ 2,977 Supplemental balance sheet information related to leases is as follows: As of July 31, 2020 January 31, 2020 (In thousands) Operating leases: Operating lease ROU assets $ 33,590 $ 37,875 Operating lease liabilities, current portion $ 6,510 $ 7,278 Operating lease liabilities, net of current portion 31,039 34,017 Total operating lease liabilities $ 37,549 $ 41,295 Finance leases: Property and equipment, gross $ 26,250 $ 21,321 Less: accumulated depreciation (11,153 ) (7,347 ) Property and equipment, net $ 15,097 $ 13,974 Accrued expenses $ 8,377 $ 6,956 Other noncurrent liabilities 7,196 7,261 Total finance lease liabilities $ 15,573 $ 14,217 Weighted-average lease terms and discount rates are as follows: As of July 31, 2020 Operating Leases Finance Leases Weighted-average remaining lease terms 5.4 years 2.0 years Weighted-average discount rates 5.6% 4.9% Future minimum lease payments under operating leases and finance leases as of July 31, 2020, are as follows: As of July 31, 2020 Operating Leases Finance Leases (In thousands) Years ending January 31, 2021 (remaining 6 months) $ 4,949 $ 4,693 2022 8,244 7,610 2023 7,891 3,333 2024 7,579 655 2025 6,829 — Thereafter 9,189 — Total lease payments 44,681 16,291 Less: amount representing interest (5,776 ) (718 ) Less: leases less than 12 months (1,356 ) — Total lease liabilities $ 37,549 $ 15,573 The Company enters into commitments to lease computer and office equipment for which the timing of the lease payments is not determined until the date of commencement. As of July 31, 2020, the amounts related to these leases were approximately $ 2.5 three y |
Business Combination
Business Combination | 6 Months Ended |
Jul. 31, 2020 | |
Business Combinations [Abstract] | |
Business Combination | (5) Business Combination On October 3, 2019, the Company acquired all outstanding shares of Mintigo Limited (Mintigo), an Israel-based company that provides a predictive analytics platform for marketing and sales. The acquisition of Mintigo is intended to enhance the predictive capabilities of the Company’s solutions. The following table summarizes the allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed: (In thousands) Cash $ 2,735 Other current and noncurrent assets 1,793 Intangible assets 7,300 Goodwill 32,379 Deferred revenue (2,100 ) Other current and noncurrent liabilities (5,880 ) Total purchase consideration $ 36,227 The total cash consideration was $33.5 million, net of cash acquired of $2.7 million, and was fully paid in fiscal 2020. The intangible assets acquired consist of developed technology of $5.2 million and customer relationships of $2.1 million, and were assigned useful lives of 5 and 7 years, respectively. The fair value of the developed technology was determined utilizing the multi-period excess earning method, and the with-and-without method was utilized to determine the fair value of customer relationships. The excess of the purchase consideration over the fair value of net tangible and identifiable intangible assets acquired and liabilities assumed was recorded as goodwill, and is attributable to Mintigo’s workforce and the synergies expected to arise from the acquisition. The Company does not expect goodwill to be deductible for income tax purposes. The consolidated financial statements Additionally, the Company entered into retention agreements with employees of Mintigo who joined the Company after the acquisition, totaling up to approximately $10.0 million. As payment of these retention agreements is contingent upon the continuous service of these employees with the Company, they are being accounted for as compensation over the required service period of three years commencing from the acquisition date. |
Acquisition-Related Intangible
Acquisition-Related Intangible Assets | 6 Months Ended |
Jul. 31, 2020 | |
Finite Lived Intangible Assets Net [Abstract] | |
Acquisition-Related Intangible Assets | (6) Acquisition-Related Intangible Assets The components of identifiable intangible assets included in other noncurrent assets are as follows: As of July 31, 2020 January 31, 2020 (In thousands) Developed technology $ 5,200 $ 5,200 Customer relationships 2,976 2,976 Intangible assets, gross $ 8,176 $ 8,176 Less: accumulated amortization (1,993 ) (1,323 ) Intangible assets, net $ 6,183 $ 6,853 Amortization expense of acquisition-related intangible assets was immaterial for the three and six months ended July 31, 2020 and 2019, respectively. The expected future intangible assets amortization as of July 31, 2020 is as follows: As of July 31, 2020 (In thousands) Years ending January 31, 2021 (remaining 6 months) $ 670 2022 1,340 2023 1,340 2024 1,340 2025 993 Thereafter 500 Total future intangible assets amortization $ 6,183 |
Employee Stock Plans
Employee Stock Plans | 6 Months Ended |
Jul. 31, 2020 | |
Text Block [Abstract] | |
Employee Stock Plans | (7) Employee Stock Plans As of July 31, 2020 and January 31, 2020, the Company was authorized to issue 1,750,000,000 shares of common stock. Shares were reserved for future issuance as follows: As of July 31, 2020 January 31, 2020 (In thousands) Outstanding stock options 8,730 10,198 Outstanding restricted stock units 11,070 10,260 Outstanding stock purchase rights — 5 Shares available for future issuances under the 2018 Stock Plan 20,924 17,071 Shares available for future issuances under the 2018 ESPP 3,906 2,786 Total 44,630 40,320 Stock Options A summary of stock option activity for the six months ended July 31, 2020, was as follows: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value (In thousands) (In thousands) Balance as of January 31, 2020 10,198 $ 11.69 $ 468,079 Options granted 411 38.22 - Options exercised (1,701 ) 5.03 - Options forfeited (178 ) 7.11 - Balance as of July 31, 2020 8,730 $ 14.34 $ 271,874 Exercisable as of July 31, 2020 4,099 $ 7.03 $ 157,391 Vested and expected to vest as of July 31, 2020 7,652 $ 11.20 $ 262,260 As of July 31, 2020, unrecognized stock-based compensation cost related to outstanding unvested stock options that are expected to vest was $19.7 million, which is expected to be recognized over a weighted-average period of 2.4 years. Restricted Stock Units A summary of RSU activity for the six months ended July 31, 2020, was as follows: Number of Shares Weighted- Average Grant Date Fair Value (In thousands) Balance as of January 31, 2020 10,260 $ 23.70 RSUs granted 3,165 47.65 RSUs vested (1,875 ) 19.24 RSUs forfeited (480 ) 31.29 Balance as of July 31, 2020 11,070 $ 30.98 As of July 31, 2020, unrecognized stock-based compensation cost related to outstanding unvested RSUs that are expected to vest was $230.9 million, which is expected to be recognized over a weighted-average period of 3.1 years. Stock-Based Compensation The stock-based compensation expense, net of estimated forfeitures, by line item in the accompanying condensed consolidated statements of comprehensive loss is summarized as follows: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands) Cost of subscription revenue $ 876 $ 637 $ 1,584 $ 1,128 Cost of professional services revenue 692 546 1,200 1,038 Research and development 4,380 2,494 8,026 4,330 Sales and marketing 11,213 8,184 21,244 14,801 General and administrative 7,818 8,258 15,418 15,124 Total stock-based compensation expense $ 24,979 $ 20,119 $ 47,472 $ 36,421 The Company’s estimated forfeiture rate is based on accumulated historical forfeiture data. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jul. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | (8) Fair Value Measurements Cash and cash equivalents included investments in money market funds of $239.0 million at July 31, 2020. The fair value of the money market funds was determined using quoted prices for identical investments in active markets, which are considered to be Level 1 inputs under the fair value measurements and disclosure guidance. Other than the money market funds, the Company did not hold any assets or liabilities that are measured at fair value on a recurring basis as of July 31, 2020, or January 31, 2020. There were no |
Revenue Recognition
Revenue Recognition | 6 Months Ended |
Jul. 31, 2020 | |
Revenue From Contract With Customer [Abstract] | |
Revenue Recognition | (9) Revenue Recognition The Company adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers The Company derives revenue primarily from sales of subscription services and, to a lesser degree, from professional services. Revenue is recognized when a customer obtains access to the platform and receives the related professional services. The amount of revenue recognized reflects the consideration that the Company expects to be entitled to receive in exchange for these services. Disaggregation of Revenue The following table summarizes the revenue by region based on the shipping address of customers who have contracted to use the Company’s cloud-based application: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 Amount Percentage of Revenue Amount Percentage of Revenue Amount Percentage of Revenue Amount Percentage of Revenue (In thousands, except percentage data) Americas $ 60,996 57 % $ 50,643 60 % $ 121,066 57 % $ 95,529 60 % EMEA 33,641 32 26,534 31 66,484 32 50,549 31 APAC 11,874 11 7,363 9 22,805 11 14,292 9 Total $ 106,511 100 % $ 84,540 100 % $ 210,355 100 % $ 160,370 100 % The United States and the U.K. were the only two countries that represented more than 10% of the Company’s total revenue in any period. Revenue in the United States and as a percentage of total revenue comprised of $58.6 million and 55%, and $116.3 million and 55% in the three and six months ended July 31, 2020, respectively, and $48.9 million and 58%, and $92.1 million and 57% in the Contract Balances Contract assets represent revenue recognized for contracts that have not yet been invoiced to customers, typically for multi-year arrangements. Total contract assets were $0.4 million and $0.2 million as of July 31, 2020, and January 31, 2020, respectively, which were included within prepaid expenses and other current assets and other noncurrent assets on the condensed consolidated balance sheets. Contract liabilities consist of deferred revenue. Revenue is deferred when the Company has the right to invoice in advance of performance under a contract. The current portion of deferred revenue balances are recognized over the following 12-month period. The amount of revenue recognized in the three and six months ended July 31, 2020 that was included in deferred revenue at the beginning of each period was $87.1 million and $146.0 million, respectively. The amount of revenue recognized in the three and six months ended July 31, 2019 Remaining Performance Obligation As of July 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $703.1 million, which consists of both billed consideration in the amount of $214.6 million and unbilled consideration in the amount of $488.5 million that the Company expects to recognize as revenue in the future periods. The Company expects to cumulatively recognize approximately 51% and 82% of this amount as revenue in the next 12 months and 24 months, respectively, with the remaining balance recognized thereafter. As of January 31, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $656.2 million, which consists of both billed consideration in the amount of $220.2 million and unbilled consideration in the amount of $436.0 million that the Company expects to recognize as revenue in the future periods. The Company expects to recognize 50% and 82% of this amount as revenue in the next 12 months and 24 months, respectively, with the remaining balance recognized thereafter. The Company applied a practical expedient allowing it not to disclose the amount of the transaction price allocated to the remaining performance obligations for contracts with an original expected duration of one year or less. |
Litigation Matters
Litigation Matters | 6 Months Ended |
Jul. 31, 2020 | |
Loss Contingency Information About Litigation Matters [Abstract] | |
Litigation Matters | (10) Litigation Matters On August 24, 2020, purported stockholders of the Company filed derivative complaints in the United States District Court for the Northern District of California, entitled Sergio Grobler v. Anaplan, Inc., et al., 3:20-cv-05959, against the Company and certain of the Company’s executive officers. The complaints allege violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934, as amended, purportedly on behalf of all persons who purchased Anaplan, Inc. common stock between November 21, 2019 and February 26, 2020, inclusive. The claims are based upon allegations that the defendants misrepresented and/or omitted material information in certain of our prior public filings. To this point, no discovery has occurred in these cases. The class action is still in the preliminary stages, and it is not possible for the Company to quantify the extent of potential liability to the individual defendants, if any. The Company believes that the lawsuits lack merit and intends to vigorously defend the actions. The Company cannot predict the outcome of or is not able to reasonably estimate the amount or range of possible loss from the above described matters. From time to time, the Company is party to litigation and subject to claims incident to the ordinary course of business. As our growth continues, the Company may become party to an increasing number of litigation matters and claims. The outcome of litigation and claims cannot be predicted with certainty, and the resolution of these matters could materially affect our future results of operations, cash flows, or financial position. The Company is not presently party to any legal proceedings that, in the opinion of management, if determined adversely to the Company, would individually or taken together have a material adverse effect on our business, operating results, financial condition, or cash flows. |
Income Taxes
Income Taxes | 6 Months Ended |
Jul. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | (11) Income Taxes The Company computed its interim provision using its estimated annual effective tax rate. The Company’s income tax expense was $1.7 million and $2.7 million during the three and six months ended July 31, 2020, respectively, and $1.3 million and $2.4 million during the three and six months ended July 31, 2019, respectively. |
Net Loss Per Share Attributable
Net Loss Per Share Attributable to Common Stockholders | 6 Months Ended |
Jul. 31, 2020 | |
Earnings Per Share [Abstract] | |
Net Loss Per Share Attributable to Common Stockholders | (12) Net Loss Per Share Attributable to Common Stockholders The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands, except per share data) Numerator: Net loss $ (35,524 ) $ (40,642 ) $ (75,126 ) $ (77,833 ) Denominator: Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 138,335 129,549 137,359 126,277 Net loss per share attributable to common stockholders, basic and diluted $ (0.26 ) $ (0.31 ) $ (0.55 ) $ (0.62 ) The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows: As of July 31, 2020 2019 (In thousands) Stock options 8,730 10,960 Stock repurchase rights - 219 Restricted stock units 11,070 11,504 Unvested shares subject to repurchase - 9 Total 19,800 22,692 |
Summary of Business and Signi_2
Summary of Business and Significant Accounting Policies (Policies) | 6 Months Ended |
Jul. 31, 2020 | |
Accounting Policies [Abstract] | |
Description of Business | Description of Business Anaplan, Inc. (the Company, Anaplan, we, us, or our) was incorporated in Delaware on July 9, 2009 and is headquartered in San Francisco, California, with offices in multiple U.S. and international locations. The Company provides a cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. The Company delivers its application over the Internet as a subscription service using a software-as-a-service (SaaS) model. The Company also offers professional services related to implementing and supporting its application. |
Fiscal Year | Fiscal Year The Company’s fiscal year ends on January 31. References to fiscal 2021, for example, refer to the fiscal year ending January 31, 2021. |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting and include the accounts of the Company and its wholly owned subsidiaries (collectively, the Company). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2020, included herein was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by U.S. GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of comprehensive loss, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. Certain prior period amounts in the condensed consolidated financial statements have been reclassified to conform to the current period’s presentation. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Form 10-K filed with the SEC on March 30, 2020. |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, the determination of revenue recognition, certain assumptions in the valuation of stock awards, the determination of the period of benefit for deferred commissions, the determination of the incremental borrowing rate used for operating lease liabilities, In March 2020, the World Health Organization declared the outbreak of the novel strain of coronavirus (“COVID-19”) as a global pandemic with widespread and detrimental effect on the global economy. The extent of the impact of COVID-19 on the Company's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, impact on the Company's customers, prospective customers, sales cycles, and employees, all of which are uncertain and cannot be predicted. During the three and six months ended July 31, 2020, we assessed the impact of COVID-19, including our estimate of credit losses for accounts receivable. As of the date of filing of these unaudited condensed consolidated financial statements, the Company is not aware of any specific event or circumstance that would require updating significant estimates or judgments or revising the carrying value of the Company's assets or liabilities as presented in the unaudited interim condensed consolidated financial statements. These estimates may change as new events occur and additional information is obtained. Actual results could differ from those estimates and any such differences may be material to our financial statements. |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 1 of the notes to the consolidated financial statements included in |
Accounts Receivable, Net | Accounts Receivable, net The Company adopted Accounting Standards Codification Topic 326 (ASC 326), Financial Instruments – Credit Losses, effective February 1, 2020 using a modified retrospective approach. Under ASC 326, accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the Company’s customers’ financial condition, the amount of any receivables in dispute, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. Accounts receivable deemed uncollectable are charged against the allowance for credit losses when identified. As of July 31, 2020, the allowance for credit losses reflects increased collectability concerns stemming from the COVID-19 pandemic. The allowance for credit losses was $2.7 million and $1.0 million as of July 31, 2020, and January 31, 2020, respectively. |
Recently Issued/Adopted Accounting Pronouncements | Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13 “ Financial Instruments – Credit Losses (Topic 326): Measurement of credit Losses on Financial Instruments |
Consolidated Balance Sheet Co_2
Consolidated Balance Sheet Components (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Summary of Cash, Cash Equivalents and Restricted Cash | The following table provides a summary of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that reconciles to the corresponding amount in the condensed consolidated statements of cash flows: As of July 31, 2020 January 31, 2020 July 31, 2019 January 31, 2019 (In thousands) Cash and cash equivalents $ 304,894 $ 309,894 $ 355,955 $ 326,863 Restricted cash included in other noncurrent assets 2,150 — — — Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows $ 307,044 $ 309,894 $ 355,955 $ 326,863 |
Schedule of Property and Equipment, Net | Property and equipment consisted of the following: As of July 31, 2020 January 31, 2020 (In thousands) Computer and office equipment $ 54,221 $ 46,986 Leasehold improvements 14,318 12,728 Internal-use software 34,986 29,445 Construction in progress 5,607 3,943 Property and equipment, gross 109,132 93,102 Less: accumulated depreciation (55,961 ) (44,463 ) Property and equipment, net $ 53,171 $ 48,639 |
Schedule of Accrued Expenses | Accrued expenses consisted of the following: As of July 31, 2020 January 31, 2020 (In thousands) Vendor accruals $ 7,758 $ 11,098 Accrued commission 12,517 10,033 Accrued bonuses 10,860 14,279 Accrued other payroll liabilities 21,210 21,077 Current portion of finance lease obligations 8,377 6,956 Accrued other 20,013 15,581 Accrued expenses $ 80,735 $ 79,024 |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Leases [Abstract] | |
Schedule of Lease Cost | The components of lease expense were as follows: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands) Operating lease costs $ 2,692 $ 2,545 $ 5,544 $ 4,987 Finance lease costs Amortization of assets $ 2,008 $ 1,414 $ 3,793 $ 2,534 Interest on lease liabilities 182 244 366 443 Total finance lease costs $ 2,190 $ 1,658 $ 4,159 $ 2,977 |
Schedule of Supplemental Balance Sheet Information Related To Leases | Supplemental balance sheet information related to leases is as follows: As of July 31, 2020 January 31, 2020 (In thousands) Operating leases: Operating lease ROU assets $ 33,590 $ 37,875 Operating lease liabilities, current portion $ 6,510 $ 7,278 Operating lease liabilities, net of current portion 31,039 34,017 Total operating lease liabilities $ 37,549 $ 41,295 Finance leases: Property and equipment, gross $ 26,250 $ 21,321 Less: accumulated depreciation (11,153 ) (7,347 ) Property and equipment, net $ 15,097 $ 13,974 Accrued expenses $ 8,377 $ 6,956 Other noncurrent liabilities 7,196 7,261 Total finance lease liabilities $ 15,573 $ 14,217 |
Schedule of Weighted-Average Lease Terms and Discount Rates | Weighted-average lease terms and discount rates are as follows: As of July 31, 2020 Operating Leases Finance Leases Weighted-average remaining lease terms 5.4 years 2.0 years Weighted-average discount rates 5.6% 4.9% |
Schedule of Future Minimum Lease Payments Under Operating Leases and Finance Leases | Future minimum lease payments under operating leases and finance leases as of July 31, 2020, are as follows: As of July 31, 2020 Operating Leases Finance Leases (In thousands) Years ending January 31, 2021 (remaining 6 months) $ 4,949 $ 4,693 2022 8,244 7,610 2023 7,891 3,333 2024 7,579 655 2025 6,829 — Thereafter 9,189 — Total lease payments 44,681 16,291 Less: amount representing interest (5,776 ) (718 ) Less: leases less than 12 months (1,356 ) — Total lease liabilities $ 37,549 $ 15,573 |
Business Combination (Tables)
Business Combination (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Business Combinations [Abstract] | |
Summary of Allocation of Purchase Consideration to Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed: (In thousands) Cash $ 2,735 Other current and noncurrent assets 1,793 Intangible assets 7,300 Goodwill 32,379 Deferred revenue (2,100 ) Other current and noncurrent liabilities (5,880 ) Total purchase consideration $ 36,227 |
Acquisition-Related Intangibl_2
Acquisition-Related Intangible Assets (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Finite Lived Intangible Assets Net [Abstract] | |
Components of Identifiable Intangible Assets Included In Other Noncurrent Assets | The components of identifiable intangible assets included in other noncurrent assets are as follows: As of July 31, 2020 January 31, 2020 (In thousands) Developed technology $ 5,200 $ 5,200 Customer relationships 2,976 2,976 Intangible assets, gross $ 8,176 $ 8,176 Less: accumulated amortization (1,993 ) (1,323 ) Intangible assets, net $ 6,183 $ 6,853 |
Summary of Expected Future Intangible Assets Amortization | The expected future intangible assets amortization as of July 31, 2020 is as follows: As of July 31, 2020 (In thousands) Years ending January 31, 2021 (remaining 6 months) $ 670 2022 1,340 2023 1,340 2024 1,340 2025 993 Thereafter 500 Total future intangible assets amortization $ 6,183 |
Employee Stock Plans (Tables)
Employee Stock Plans (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Text Block [Abstract] | |
Schedule of Shares Reserved for Future Issuance | As of July 31, 2020 and January 31, 2020, the Company was authorized to issue 1,750,000,000 shares of common stock. Shares were reserved for future issuance as follows: As of July 31, 2020 January 31, 2020 (In thousands) Outstanding stock options 8,730 10,198 Outstanding restricted stock units 11,070 10,260 Outstanding stock purchase rights — 5 Shares available for future issuances under the 2018 Stock Plan 20,924 17,071 Shares available for future issuances under the 2018 ESPP 3,906 2,786 Total 44,630 40,320 |
Summary of Stock Option Activity | A summary of stock option activity for the six months ended July 31, 2020, was as follows: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value (In thousands) (In thousands) Balance as of January 31, 2020 10,198 $ 11.69 $ 468,079 Options granted 411 38.22 - Options exercised (1,701 ) 5.03 - Options forfeited (178 ) 7.11 - Balance as of July 31, 2020 8,730 $ 14.34 $ 271,874 Exercisable as of July 31, 2020 4,099 $ 7.03 $ 157,391 Vested and expected to vest as of July 31, 2020 7,652 $ 11.20 $ 262,260 |
Summary of RSU Activity | A summary of RSU activity for the six months ended July 31, 2020, was as follows: Number of Shares Weighted- Average Grant Date Fair Value (In thousands) Balance as of January 31, 2020 10,260 $ 23.70 RSUs granted 3,165 47.65 RSUs vested (1,875 ) 19.24 RSUs forfeited (480 ) 31.29 Balance as of July 31, 2020 11,070 $ 30.98 |
Summary of Stock-Based Compensation Expense, Net of Estimated Forfeitures | The stock-based compensation expense, net of estimated forfeitures, by line item in the accompanying condensed consolidated statements of comprehensive loss is summarized as follows: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands) Cost of subscription revenue $ 876 $ 637 $ 1,584 $ 1,128 Cost of professional services revenue 692 546 1,200 1,038 Research and development 4,380 2,494 8,026 4,330 Sales and marketing 11,213 8,184 21,244 14,801 General and administrative 7,818 8,258 15,418 15,124 Total stock-based compensation expense $ 24,979 $ 20,119 $ 47,472 $ 36,421 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Revenue From Contract With Customer [Abstract] | |
Disaggregation of Revenue | The following table summarizes the revenue by region based on the shipping address of customers who have contracted to use the Company’s cloud-based application: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 Amount Percentage of Revenue Amount Percentage of Revenue Amount Percentage of Revenue Amount Percentage of Revenue (In thousands, except percentage data) Americas $ 60,996 57 % $ 50,643 60 % $ 121,066 57 % $ 95,529 60 % EMEA 33,641 32 26,534 31 66,484 32 50,549 31 APAC 11,874 11 7,363 9 22,805 11 14,292 9 Total $ 106,511 100 % $ 84,540 100 % $ 210,355 100 % $ 160,370 100 % |
Net Loss Per Share Attributab_2
Net Loss Per Share Attributable to Common Stockholders (Tables) | 6 Months Ended |
Jul. 31, 2020 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Net Loss Per Share | The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders: Three Months Ended July 31, Six Months Ended July 31, 2020 2019 2020 2019 (In thousands, except per share data) Numerator: Net loss $ (35,524 ) $ (40,642 ) $ (75,126 ) $ (77,833 ) Denominator: Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 138,335 129,549 137,359 126,277 Net loss per share attributable to common stockholders, basic and diluted $ (0.26 ) $ (0.31 ) $ (0.55 ) $ (0.62 ) |
Summary of potential shares of common stock that were excluded from the computation of diluted net loss per share | The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows: As of July 31, 2020 2019 (In thousands) Stock options 8,730 10,960 Stock repurchase rights - 219 Restricted stock units 11,070 11,504 Unvested shares subject to repurchase - 9 Total 19,800 22,692 |
Summary of Business and Signi_3
Summary of Business and Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Apr. 30, 2020 | Feb. 01, 2020 | Jan. 31, 2020 | Jul. 31, 2019 | Apr. 30, 2019 | Jan. 31, 2019 |
Nature Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||
Cumulative-effect adjustment to decrease retained earnings | $ 282,144 | $ 280,581 | $ 291,681 | $ 304,037 | $ 297,862 | $ 307,478 | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Nature Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||
Cumulative-effect adjustment to decrease retained earnings | (558) | ||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member] | |||||||
Nature Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||
Cumulative-effect adjustment to decrease retained earnings | $ 600 | ||||||
COVID-19 [Member] | |||||||
Nature Of Business And Summary Of Significant Accounting Policies [Line Items] | |||||||
Allowance for credit losses | $ 2,700 | $ 1,000 |
Consolidated Balance Sheet Co_3
Consolidated Balance Sheet Components - Summary of Cash, Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2019 |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | $ 304,894 | $ 309,894 | $ 355,955 | $ 326,863 |
Restricted cash included in other noncurrent assets | 2,150 | |||
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows | $ 307,044 | $ 309,894 | $ 355,955 | $ 326,863 |
Consolidated Balance Sheet Co_4
Consolidated Balance Sheet Components - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2020 | |
Consolidated Balance Sheet Components [Line Items] | |||||
Restricted cash included in other noncurrent assets | $ 2,150 | $ 2,150 | |||
Depreciation expense | 5,900 | $ 4,700 | 11,600 | $ 9,000 | |
Internal use software capitalized | 3,400 | 3,300 | 7,200 | 5,800 | |
Share based compensation expense | $ 24,979 | 20,119 | $ 47,472 | 36,421 | |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 | 25,000,000 | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||
Preferred stock, shares issued | 0 | 0 | 0 | ||
Preferred stock, shares outstanding | 0 | 0 | 0 | ||
Software and Software Development Costs [Member] | |||||
Consolidated Balance Sheet Components [Line Items] | |||||
Share based compensation expense | $ 800 | 400 | $ 1,800 | 700 | |
Amortization of intangible assets | $ 2,200 | $ 1,300 | $ 4,300 | $ 2,600 |
Consolidated Balance Sheet Co_5
Consolidated Balance Sheet Components - Schedule of Property and Equipment Net (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 109,132 | $ 93,102 |
Less: accumulated depreciation | (55,961) | (44,463) |
Property and equipment, net | 53,171 | 48,639 |
Computer and office equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 54,221 | 46,986 |
Leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 14,318 | 12,728 |
Internal-use software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | 34,986 | 29,445 |
Construction in progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment, gross | $ 5,607 | $ 3,943 |
Consolidated Balance Sheet Co_6
Consolidated Balance Sheet Components - Schedule of Accrued Expenses (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Accrued Liabilities Current [Abstract] | ||
Vendor accruals | $ 7,758 | $ 11,098 |
Accrued commission | 12,517 | 10,033 |
Accrued bonuses | 10,860 | 14,279 |
Accrued other payroll liabilities | 21,210 | 21,077 |
Current portion of finance lease obligations | 8,377 | 6,956 |
Accrued other | 20,013 | 15,581 |
Accrued expenses | $ 80,735 | $ 79,024 |
Bank Borrowing - Additional Inf
Bank Borrowing - Additional Information (Detail) - Third Amendment [Member] - Wells Fargo Bank, N.A. [Member] - Revolving Credit Facility [Member] - USD ($) | 1 Months Ended | 6 Months Ended | |
Apr. 30, 2020 | Jul. 31, 2020 | Jan. 31, 2020 | |
Debt Instrument [Line Items] | |||
Aggregate revolving credit commitment amount increase | $ 20,000,000 | ||
Credit facility maximum borrowing capacity | $ 60,000,000 | ||
Extended maturity date of the revolving credit facility | Apr. 23, 2022 | ||
Debt, interest rate description | any loans drawn on the credit facility will incur interest at a rate equal to the highest of (A) the prime rate, (B) the federal funds rate plus 0.5%, and (C) the one-month LIBOR plus 1%. Interest is payable monthly in arrears with the principal and any accrued and unpaid interest due on April 23, 2022. | ||
Credit facility current borrowing balance | $ 0 | $ 0 | |
Federal Funds Effective Swap Rate [Member] | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 0.50% | ||
One-month LIBOR [Member] | |||
Debt Instrument [Line Items] | |||
Basis spread on variable rate | 1.00% |
Leases - Schedule of Lease Cost
Leases - Schedule of Lease Cost (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Leases [Abstract] | ||||
Operating lease costs | $ 2,692 | $ 2,545 | $ 5,544 | $ 4,987 |
Finance lease costs | ||||
Amortization of assets | 2,008 | 1,414 | 3,793 | 2,534 |
Interest on lease liabilities | 182 | 244 | 366 | 443 |
Total finance lease costs | $ 2,190 | $ 1,658 | $ 4,159 | $ 2,977 |
Leases - Schedule of Supplement
Leases - Schedule of Supplemental Balance Sheet Information Related To Leases (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Operating leases: | ||
Operating lease ROU assets | $ 33,590 | $ 37,875 |
Operating lease liabilities, current portion | 6,510 | 7,278 |
Operating lease liabilities, net of current portion | 31,039 | 34,017 |
Total operating lease liabilities | 37,549 | 41,295 |
Finance leases: | ||
Property and equipment, gross | 26,250 | 21,321 |
Less: accumulated depreciation | (11,153) | (7,347) |
Property and equipment, net | 15,097 | 13,974 |
Accrued expenses | 8,377 | 6,956 |
Total finance lease liabilities | 15,573 | 14,217 |
Accrued Expenses [Member] | ||
Finance leases: | ||
Accrued expenses | 8,377 | 6,956 |
Other Noncurrent Liabilities [Member] | ||
Finance leases: | ||
Other noncurrent liabilities | $ 7,196 | $ 7,261 |
Leases - Schedule of Weighted-A
Leases - Schedule of Weighted-Average Lease Terms and Discount Rates (Detail) | Jul. 31, 2020 |
Weighted-average remaining lease terms: | |
Finance Leases | 2 years |
Operating Leases | 5 years 4 months 24 days |
Weighted-average discount rates: | |
Finance Leases | 4.90% |
Operating Leases | 5.60% |
Leases - Schedule of Future Min
Leases - Schedule of Future Minimum Lease Payments Under Operating Leases and Finance Leases (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Operating Leases, Years ending January 31, | ||
2021 (remaining 6 months) | $ 4,949 | |
2022 | 8,244 | |
2023 | 7,891 | |
2024 | 7,579 | |
2025 | 6,829 | |
Thereafter | 9,189 | |
Total lease payments | 44,681 | |
Less: amount representing interest | (5,776) | |
Less: leases less than 12 months | (1,356) | |
Total lease liabilities | 37,549 | $ 41,295 |
Finance Leases, Years ending January 31, | ||
2021 (remaining 6 months) | 4,693 | |
2022 | 7,610 | |
2023 | 3,333 | |
2024 | 655 | |
Total lease payments | 16,291 | |
Less: amount representing interest | (718) | |
Total lease liabilities | $ 15,573 | $ 14,217 |
Leases - Additional Information
Leases - Additional Information (Detail) - Computer and Office Equipment [Member] $ in Millions | Jul. 31, 2020USD ($) |
Lease liabilities | $ 2.5 |
Lease payment term | 3 years |
Business Combination - Addition
Business Combination - Additional Information (Detail) - Mintigo Limited [Member] - USD ($) $ in Thousands | Oct. 03, 2019 | Jul. 31, 2020 |
Business Acquisition [Line Items] | ||
Date of acquisition | Oct. 3, 2019 | |
Total cash consideration, net of cash acquired | $ 33,500 | |
Net of cash acquired | 2,700 | |
Intangible assets acquired | 7,300 | |
Business combination, retention agreement amount | $ 10,000 | |
Business combination, retention agreement requisite service period | 3 years | |
Developed Technology [Member] | ||
Business Acquisition [Line Items] | ||
Intangible assets acquired | $ 5,200 | |
Estimated useful lives of acquired intangible assets | 5 years | |
Customer Relationships [Member] | ||
Business Acquisition [Line Items] | ||
Intangible assets acquired | $ 2,100 | |
Estimated useful lives of acquired intangible assets | 7 years |
Business Combination - Summary
Business Combination - Summary of Allocation of Purchase Consideration to Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands | Oct. 03, 2019 | Jul. 31, 2020 | Jan. 31, 2020 |
Business Acquisition [Line Items] | |||
Goodwill | $ 32,379 | $ 32,379 | |
Mintigo Limited [Member] | |||
Business Acquisition [Line Items] | |||
Cash | $ 2,735 | ||
Other current and noncurrent assets | 1,793 | ||
Intangible assets | 7,300 | ||
Goodwill | 32,379 | ||
Deferred revenue | (2,100) | ||
Other current and noncurrent liabilities | (5,880) | ||
Total purchase consideration | $ 36,227 |
Acquisition-Related Intangibl_3
Acquisition-Related Intangible Assets - Components of Identifiable Intangible Assets Included In Other Noncurrent Assets (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, gross | $ 8,176 | $ 8,176 |
Less: accumulated amortization | (1,993) | (1,323) |
Intangible assets, net | 6,183 | 6,853 |
Developed Technology [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, gross | 5,200 | 5,200 |
Customer Relationships [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Intangible assets, gross | $ 2,976 | $ 2,976 |
Acquisition-Related Intangibl_4
Acquisition-Related Intangible Assets - Summary of Expected Future Intangible Assets Amortization (Detail) - USD ($) $ in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Finite Lived Intangible Assets Future Amortization Expense [Abstract] | ||
2021 (remaining 6 months) | $ 670 | |
2022 | 1,340 | |
2023 | 1,340 | |
2024 | 1,340 | |
2025 | 993 | |
Thereafter | 500 | |
Intangible assets, net | $ 6,183 | $ 6,853 |
Employee Stock Plans - Addition
Employee Stock Plans - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jul. 31, 2020 | Jan. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Common stock, shares authorized | 1,750,000,000 | 1,750,000,000 |
Employee Stock Option [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unrecognized stock-based compensation | $ 19.7 | |
Unrecognized stock based compensation, weighted-average period | 2 years 4 months 24 days | |
Restricted Stock Units [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Unrecognized stock based compensation, weighted-average period | 3 years 1 month 6 days | |
Unrecognized stock-based compensation cost related to outstanding unvested RSUs expected to vest | $ 230.9 |
Employee Stock Plans - Schedule
Employee Stock Plans - Schedule of Shares Reserved for Future Issuance (Detail) - shares shares in Thousands | Jul. 31, 2020 | Jan. 31, 2020 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 44,630 | 40,320 |
Employee Stock Option [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 8,730 | 10,198 |
Restricted Stock Units [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 11,070 | 10,260 |
Stock Purchase Rights [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 5 | |
2018 Stock Option Plan [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 20,924 | 17,071 |
2018 ESPP [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Shares reserved for future issuance | 3,906 | 2,786 |
Employee Stock Plans - Summary
Employee Stock Plans - Summary of Stock Option Activity (Detail) $ / shares in Units, shares in Thousands, $ in Thousands | 6 Months Ended |
Jul. 31, 2020USD ($)$ / sharesshares | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Number of Shares, Beginning balance | shares | 10,198 |
Number of Shares, Options granted | shares | 411 |
Number of Shares, Options exercised | shares | (1,701) |
Number of Shares, Options forfeited | shares | (178) |
Number of Shares, Ending balance | shares | 8,730 |
Number of shares, Exercisable | shares | 4,099 |
Number of shares, Vested and expected to vest | shares | 7,652 |
Weighted Average Exercise Price, Beginning balance | $ / shares | $ 11.69 |
Weighted Average Exercise Price, Granted | $ / shares | 38.22 |
Weighted Average Exercise Price, Exercised | $ / shares | 5.03 |
Weighted Average Exercise Price, Forfeited | $ / shares | 7.11 |
Weighted Average Exercise Price, Ending balance | $ / shares | 14.34 |
Weighted Average Exercise Price, Exercisable | $ / shares | 7.03 |
Weighted Average Exercise Price, Vested and expected to vest | $ / shares | $ 11.20 |
Aggregate Intrinsic Value, Beginning balance | $ | $ 468,079 |
Aggregate Intrinsic Value, Ending balance | $ | 271,874 |
Aggregate Intrinsic Value, Exercisable | $ | 157,391 |
Aggregate Intrinsic Value, Vested and expected to vest | $ | $ 262,260 |
Employee Stock Plans - Summar_2
Employee Stock Plans - Summary of RSU Activity (Detail) - Restricted Stock Units [Member] shares in Thousands | 6 Months Ended |
Jul. 31, 2020$ / sharesshares | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Nonvested RSUs as of January 31, 2020 | shares | 10,260 |
Number of Shares, RSUs granted | shares | 3,165 |
Number of Shares, RSUs vested | shares | (1,875) |
Number of Shares, RSUs forfeited | shares | (480) |
Nonvested RSUs as of April 30, 2020 | shares | 11,070 |
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares | $ 23.70 |
Weighted Average Grant Date Fair Value, RSUs granted | $ / shares | 47.65 |
Weighted Average Grant Date Fair Value, RSUs vested | $ / shares | 19.24 |
Weighted Average Grant Date Fair Value, RSUs forfeited | $ / shares | 31.29 |
Weighted Average Grant Date Fair Value, Ending balance | $ / shares | $ 30.98 |
Employee Stock Plans - Summar_3
Employee Stock Plans - Summary of Stock-Based Compensation Expense, Net of Estimated Forfeitures (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | $ 24,979 | $ 20,119 | $ 47,472 | $ 36,421 |
Subscription [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | 876 | 637 | 1,584 | 1,128 |
Professional services [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | 692 | 546 | 1,200 | 1,038 |
Research and Development [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | 4,380 | 2,494 | 8,026 | 4,330 |
Sales and marketing [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | 11,213 | 8,184 | 21,244 | 14,801 |
General and Administrative [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based compensation expense | $ 7,818 | $ 8,258 | $ 15,418 | $ 15,124 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Transfers of assets from level 1 into level 2 | $ 0 | $ 0 | ||
Transfers of assets out of level 2 to level 1 | 0 | 0 | ||
Transfers of liabilities from level 1 into level 2 | 0 | 0 | ||
Transfers of liabilities out of level 2 to level 1 | 0 | 0 | ||
Transfers of assets into level 3 | 0 | 0 | $ 0 | |
Transfers of assets out of level 3 | 0 | 0 | 0 | |
Transfers of liabilities into level 3 | 0 | 0 | 0 | |
Transfers of liabilities out of level 3 | 0 | 0 | $ 0 | |
Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets measured at fair value | 0 | 0 | $ 0 | |
Liabilities measured at fair value | 0 | 0 | $ 0 | |
Fair Value, Measurements, Recurring [Member] | Money Market Funds [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets measured at fair value | $ 239,000,000 | $ 239,000,000 |
Revenue Recognition - Summary o
Revenue Recognition - Summary of Revenue by Geographical Region Based of Customer (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Disaggregation of Revenue [Line Items] | ||||
Total revenue | $ 106,511 | $ 84,540 | $ 210,355 | $ 160,370 |
Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total revenue | $ 106,511 | $ 84,540 | $ 210,355 | $ 160,370 |
Percentage of Revenue | 100.00% | 100.00% | 100.00% | 100.00% |
Operating Segments [Member] | Americas [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total revenue | $ 60,996 | $ 50,643 | $ 121,066 | $ 95,529 |
Percentage of Revenue | 57.00% | 60.00% | 57.00% | 60.00% |
Operating Segments [Member] | EMEA [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total revenue | $ 33,641 | $ 26,534 | $ 66,484 | $ 50,549 |
Percentage of Revenue | 32.00% | 31.00% | 32.00% | 31.00% |
Operating Segments [Member] | APAC [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total revenue | $ 11,874 | $ 7,363 | $ 22,805 | $ 14,292 |
Percentage of Revenue | 11.00% | 9.00% | 11.00% | 9.00% |
Revenue Recognition - Additiona
Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2020 | |
Total revenue | $ 106,511 | $ 84,540 | $ 210,355 | $ 160,370 | |
Contract assets | 400 | 400 | $ 200 | ||
Deferred revenue recognized | 87,100 | $ 62,200 | 146,000 | $ 97,500 | |
Remaining performance obligation | 703,100 | 703,100 | 656,200 | ||
Billed Revenues [Member] | |||||
Remaining performance obligation | 214,600 | 214,600 | 220,200 | ||
Unbilled Revenues [Member] | |||||
Remaining performance obligation | $ 488,500 | $ 488,500 | $ 436,000 | ||
United States and the United Kingdom [Member] | Minimum [Member] | |||||
Percentage of Revenue | 10.00% | ||||
United States [Member] | |||||
Percentage of Revenue | 55.00% | 58.00% | 55.00% | 57.00% | |
Total revenue | $ 58,600 | $ 48,900 | $ 116,300 | $ 92,100 | |
United Kingdom [Member] | |||||
Percentage of Revenue | 12.00% | 12.00% | 12.00% | 12.00% | |
Total revenue | $ 12,400 | $ 10,000 | $ 24,400 | $ 19,600 |
Revenue Recognition - Additio_2
Revenue Recognition - Additional Information (Detail1) | Jul. 31, 2020 | Jan. 31, 2020 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-01 | ||
Remaining performance obligation percentage | 50.00% | |
Revenue, remaining performance obligation, expected timing of satisfaction, period | 12 months | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-01 | ||
Remaining performance obligation percentage | 51.00% | |
Revenue, remaining performance obligation, expected timing of satisfaction, period | 12 months | |
Extended Recognition Period [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-01 | ||
Remaining performance obligation percentage | 82.00% | |
Revenue, remaining performance obligation, expected timing of satisfaction, period | 24 months | |
Extended Recognition Period [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-01 | ||
Remaining performance obligation percentage | 82.00% | |
Revenue, remaining performance obligation, expected timing of satisfaction, period | 24 months |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||||
Income tax expenses | $ 1,672 | $ 1,322 | $ 2,694 | $ 2,409 |
Net Loss Per Share Attributab_3
Net Loss Per Share Attributable to Common Stockholders - Schedule of Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2020 | Jul. 31, 2019 | |
Numerator: | ||||
Net loss | $ (35,524) | $ (40,642) | $ (75,126) | $ (77,833) |
Denominator: | ||||
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 138,335 | 129,549 | 137,359 | 126,277 |
Net loss per share attributable to common stockholders, basic and diluted | $ (0.26) | $ (0.31) | $ (0.55) | $ (0.62) |
Net Loss Per Share Attributab_4
Net Loss Per Share Attributable to Common Stockholders - Summary of Potential Shares of Common Stock That Were Excluded From the Computation of Diluted Net Loss Per Share Attributable to Common Stockholders (Detail) - shares shares in Thousands | 6 Months Ended | |
Jul. 31, 2020 | Jul. 31, 2019 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities that were not included in the diluted per share calculations | 19,800 | 22,692 |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities that were not included in the diluted per share calculations | 8,730 | 10,960 |
Stock Repurchase Rights [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities that were not included in the diluted per share calculations | 219 | |
Restricted Stock Units [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities that were not included in the diluted per share calculations | 11,070 | 11,504 |
Unvested Shares Subject To Repurchase [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Potentially dilutive securities that were not included in the diluted per share calculations | 9 |